- Business
- Jiangxi Copper Company Limited, the largest integrated copper producer in China and a key subsidiary of state-owned Jiangxi Copper Corporation, engages in mining, smelting, refining, processing, trading and financial services for copper and other non-ferrous metals; it produces copper cathodes, rods, wires, foils, pipes and fittings; precious metals including gold, silver, platinum and palladium; rare and minor metals such as molybdenum, selenium, rhenium, tellurium and bismuth; and chemical products like sulfuric acid and sulfur concentrate, primarily through key assets including Dexing Copper Mine, the largest open-pit copper mine in China, Guixi Smelter, the world's largest single copper smelting facility with over one million tons annual capacity, five owned mines, four smelters and eight processing plants. Founded in 1979 and headquartered in Nanchang, Jiangxi Province, the company operates mainly in China with exports to Hong Kong, Taiwan, Japan, South Korea, Southeast Asia, Australia and Thailand, and distributes products via spot sales, futures trading on Shanghai Futures Exchange and long-term contracts to industries including electronics, construction, transportation and new energy. In recent developments, Jiangxi Copper increased its stake in SolGold Plc to 12.19% through an $18 million investment in March 2025, providing technical consulting for the Cascabel copper-gold project in Ecuador until 2027, and submitted two non-binding cash takeover proposals for SolGold at 26 pence per share in late 2025, which were rejected by SolGold's board with a decision deadline of December 26, 2025; it maintains strategic holdings in First Quantum Minerals and advances projects like Wushan Copper Mine Phase III expansion and Qingyuan Smelting renovation.